Closing Bell Overtime: The “Rodney Dangerfield” Of The Chips Sector; CrowdStrike Earnings 6/3/25

Closing Bell

CNBC

Business, News

4.8 • 118 Ratings

🗓️ 3 June 2025

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Paul Hickey, Co-Founder of Bespoke, breaks down the market action, as well as earnings from Asana and HPE. CrowdStrike earnings reaction with Joel Fishbein of Truist. Our Pippa Stevens on the latest in the warming relationship between nuclear and tech: this time, with Constellation and Meta. Stacy Rasgon of Bernstein on why Qualcomm is the “Rodney Dangerfield” of chip stocks—getting no respect despite strong fundamentals. Bullish technical signals with Warren Pies, Co-Founder of 3Fourteen Research, who sees a path to all-time highs this summer. Plus, Diana Olick on how more homeowners are cashing out home equity.

Transcript

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0:00.0	That bell marks the end of regulation.
0:03.7	The company is on the Medrona IA 40 list,
0:05.8	running the closing bell at the New York Stock Exchange.
0:07.9	Zeros buyer-Farmal doing the honors at the NASDAQ.
0:11.0	And stocks ending the day higher after opening to the downside.
0:13.9	The Dow closing near the highs of the day,
0:16.6	up more than a couple hundred points.
0:18.0	Tech, the leader, Nvidia, a big winner.
0:20.2	Taking the crown once again is the world's most valuable company by market cap edging microsoft retail in the
0:25.5	spotlight dollar general jumping after raising its full year outlook signet also higher on the back
0:30.5	of earnings with the CEO saying the consumer remains resilient oil higher again after coming off its
0:36.5	best day in about a month energy energy, one of the top performers,
0:39.9	and some names moving higher on the back of analyst upgrades.
0:42.6	Pinterest goes to overweight at JPMorgan,
0:44.7	block raised to outperform at Evercore.
0:47.0	The target goes to $75 and Broadcom at an all-time high
0:51.2	as city gets more bullish ahead of earnings this week.
0:54.6	Well, that's the scorecard on Wall Street, but winter stay late.
0:57.5	Welcome to closing bell overtime.
0:58.7	I'm Morgan Brennan, along with John Ford.
1:00.8	Coming up on the show, we are getting some earnings reports in the next few minutes.
1:04.6	Crowdstrike, Hewlett Packard Enterprise, Asana, all reporting.
	...

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